Dow Inc. has launched a "Transform to Outperform" initiative aimed at generating at least $2 billion in near-term operating EBITDA improvement through operational simplification and cost reductions. The plan includes a global workforce reduction of approximately 4,500 roles, with expected severance and related benefit costs estimated between $600 million and $800 million. Total one-time costs associated with the transformation are projected to range from $1.1 billion to $1.5 billion.